Ashok Leyland Share Price | Beneficial update on Ashok Leyland Company, opportunity for rocket fast earnings – NSE: ASHOKLEY
Ashok Leyland Share Price | An important update has come out regarding Ashok Leyland Limited Company. Ashok Leyland Limited (NSE: ASHOKLEY) The company which is known for its heavy vehicle manufacturing has won a huge contract for 500 electric buses. OHM Global Mobility Company, a subsidiary of Ashok Leyland Limited Company, has received the contract for 500 12 meter ultra-low floor electric buses from the Metropolitan Transport Corporation of Chennai. Apart from this, Switch Mobility Company, a subsidiary of Ashok Leyland Limited Company, will supply EIV 12 model buses to OHM. (Ashok Leyland Limited Company Excerpt)
On Thursday, October 24, the stock had closed at Rs 217.13, up 1.41 per cent. On Friday, October 25, the stock was trading at Rs 214.94, down 1.07 per cent.
already contracted
A few days ago, Hinduja Group company Ashok Leyland Limited started delivery of electric trucks to Chennai-based Billion Electric Mobility. Group Biliyani, which operates on the Chennai-Bengaluru, Chennai-Vijayawada route, was contracted by Ashok Leyland Ltd to supply 180 electric trucks. As a result, the order book of Ashok Leyland Limited Company has strengthened.
Passenger capacity will increase
According to Ashok Leyland Limited Company, in the contract of 500 electric buses of Metropolitan Transport Corporation Chennai, 400 buses will be non-AC and 100 buses will be AC. According to Ashok Leyland Limited, 37 passengers will be able to board the bus at a time and 24 passengers will be able to travel standing. The Switch EIV12 is powered by a robust 650V electric architecture and has an IP67-rated battery, ensuring greater stability and safety, making traveling more comfortable.
200 KM travel on one charge
Ashok Leyland Limited said in a statement that these buses will be able to travel 200 KM on a single charge. This will also result in huge cost savings for the Metropolitan Transport Corporation of Chennai. The company said charging infrastructure will first be developed at six major depots, including Perumbabur, Perumbakkam, Poonamallee, Vyasapandi, KK Nagar and Thondipet.
How much return did the stock give?
Ashok Leyland Company share has given 22.52% return in the last 6 months. The stock has given 28.37% returns in the last one year. The stock has given 191.29% returns in the last five years. The stock has returned 17.02% on a YTD basis. Also, long term investors have given 9527 percent return.
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